0101. Introduction to Financial Markets (3 s.h.) FS

Prerequisites: Economics C051 and C052.

The role of the financial system is discussed, and financial institutions and their regulation are examined. Also covered are financial markets, money and capital market instruments, derivatives, risk measurements, fundamentals of foreign exchange, liquidity, liability, credit, and capital. Depository institution portfolio risk, liquidity, liability, credit, and capital management tools and techniques are discussed. The course concludes with the students applying their knowledge to current monetary policy questions. This course is a prerequisite for all 0200-level finance courses. It is also required for all SBM students.

0103. Managerial Finance (3 s.h.) FS

Prerequisites: Economics C051 and C052; Accounting 0001 and 0002; Stat. C011 and C012.

A survey of the financial problems associated with the life cycle of a business. Important topics covered are: financial analysis, financial planning, valuation, capital budgeting, cost of capital, sources and uses of business funds, and the instru ments utilized in raising funds. This class is a prerequisite for all 0200-level finance courses. It is also required for all SBM majors.

0191. Introduction to Financial Markets Honors (3 s.h.) F

Prerequisites: Economics C051 and C052; or Economics H091 and H092; by special permission.

May be used to meet the Finance 0101 requirement of the School of Business and Management. This is the Honors section of Finance 0101.

0193. Managerial Finance Honors (3 s.h.) S

Prerequisites: Finance 0101 (or 0191); Accounting 0001 or 0002 (or 0091 and 0092); by special permission.

May be used to meet the Finance 0103 requirement of the School of Business and Management. This is the Honors section of Finance 0103.

0211. Corporate Asset Management (3 s.h.) FS

Prerequisites: Finance 0101 and 0103.

A study of the theory and practice of asset management by the firms. Among the topics covered are advanced concepts and techniques of capital budgeting, working capital management and valuation of business and investment, and various methods of fin ancing business concerns. A major focus of the course is risk analysis.

0212. Capital Structure Analysis for Business (3 s.h.) FS

Prerequisite: Finance 0101 and 0103.

Analyzing corporate financing decisions and examining various methods of financing. Topics covered include cost-of-capital, capital structure, dividends policy, and investment banking.

0213. Management of Depository Institutions (3 s.h.) FS

Prerequisites: Finance 0101 and 0103.

This course applies the theory and practice of business finance to the management of banks and other financial institutions. Topics include risk-return trade-offs in banking, regulatory constraints, performance analysis, the impact of international and electronic banking, and the integration of liquidity and capital, and management into the concepts and techniques of asset-liability management, and interest rate and credit risk management. This course will be changed next year to become a capstone course in finance.

0215. Normative Portfolio Theory: Issues and Applications (3 s.h.) FS

Prerequisites: Statistics 0022, Finance 0101, and Finance 0103.

The course is intended for students who are interested in the quantitative aspects of finance. Provides a rigorous outline of the modern portfolio theory, and equally detailed discussion about statistical estimation procedures and problems that arise in application. The course provides hands-on experience at estimation based on large-scale security data sets, and computer applications featuring the Markeowitz, Sharpe, and Elton, Gruber, and Padberg portfolio selection models.

0218. Options and Futures Markets (3 s.h.) FS

Prerequisites: Statistics 0022, Finance 0101 and 0103.

The objective of this course is to provide the student with a working knowledge of the concepts, problems, and application of speculative securities. This class of securities includes (1) interest rate, currency, and stock index futures; (2) stock, stock index, currency, and futures options; and (3) interest and currency swaps.

0223. Investments (3 s.h.) FS

Prerequisites: Finance 0101 and 0103.

The course assists in developing a sound framework for making investment decisions. Major topics covered are: investment risks and their relation to investment return, valuation of financial securities, portfolio selection, and the principles and techniques of fundamental security analysis. The emphasis is on the individual and investment decisions.

0227. Financial Markets and Institutions (3 s.h.) FS

Prerequisites: Finance 0101 and 0103.

Financial markets theory, operation, and structure. Emphasis on yield levels and patterns, and saving and financial investment decisions. Topics include the money market, the bonds market, equity markets, futures and options markets, and bank and non-bank financial institutions.

0250. International Financial Markets (3 s.h.) FS

Prerequisites: Economics C051 and C052; Finance 0103; Statistics C021 and 0022.

Introduction to the international financial markets. Primary objective is to familiarize students with the concepts and the characteristics of international financial markets. Topics include foreign currency markets, international money markets, international banking, and international capital markets.

0251. International Financial Management (3 s.h.) FS

Prerequisites: Finance 0101 and 0103.

Foreign exchange markets, international money and capital markets and the implications of these topics for the financial management of multinational firms is discussed. International capital budgeting, international financing, exchange, and country risk management are also examined.

0394. Special Topics (3 s.h.)

Special topics in current developments in the field of finance.

0395-0396. Independent Study (1 - 6 s.h.) FS

Prerequisites: Consultation with a faculty member and approval of department chairperson.

Readings and/or papers under supervision of a faculty member.